The Twifo Atti-Morkwa District Assembly in the Central Regional has, as at November 30, 2018, generated an amount of GH¢502,886.08 as Internally Generated Funds (IFG).
The figure represented 107% of the Assembly’s 2018 budgeted IGF target of GH¢469,580.
This was contained in a brief address delivered by the District Chief Executive, Mr Robert Agyemang-Nyantakyi, during a General Assembly meeting.
He announced: “Ee exceeded our revenue budget by 7%. We assure honourable members that the Assembly will continue to perform better than what we have achieved with your support.”
Touching on the District Assembly Common Fund (DACF), Mr Agyeman-Nyantakyi disclosed that the Assembly received an amount of GH¢1,428,200.47.
The above amount, he noted, represented 39% of a total amount of GH¢3,633,577.35, which the Assembly budgeted for.
According to Mr Nyantakyi, the TAMDA was yet to receive the third and fourth quarters of its DACF allocation for 2018.
Speaking to The Chronicle, the DCE praised the revenue section for sacrifices, vigilance and determination to mobilise funds for the Assembly.
“The figure only motivates us to do more so a higher target will be set and the necessary logistics will be put in place to enable us to mobilise much needed revenue,” he said.
The Chairman of the Finance and Administration Sub-committee, Mr Stephen YeboahYankey, told this reporter that the Assembly now has comprehensive data on all revenue generating activities within the District.
In his view, the data had enabled the Assembly to block all leakages that militated against the its internally generated funds hence the increase.
The generated IGF would be expected to support the Assembly to be able to achieve its developmental initiatives.